65 ILCS 5/ Illinois Municipal Code.

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65 ILCS 5/9-3-47

(65 ILCS 5/9-3-47) (from Ch. 24, par. 9-3-47)

Sec. 9-3-47.

The purchaser or his assignee shall pay all taxes and
assessments on real estate sold under the provisions of this Division 3.
Notation of such payments shall be made on the docket of the court, and the
same shall be repaid if the real estate is redeemed, together with interest
at the rate of the greater of 9% per annum or 70% of the prime commercial
rate in effect on the date the special assessment ordinance is adopted.

(Source: P.A. 82-686.)

65 ILCS 5/9-3-48

(65 ILCS 5/9-3-48) (from Ch. 24, par. 9-3-48)

Sec. 9-3-48.

A deed conveying the fee simple title to the premises, free
and clear of all liens and encumbrances, except unpaid general taxes and
special assessments, or installments thereof, shall be issued to the
purchaser at any time after the expiration of the period of redemption upon
proof of payment of all taxes and assessments becoming due subsequent to
date of sale, proof of notice to occupant of date of expiration of period
of redemption, proof of publication of notice to all parties concerned of
the date of expiration of the period of redemption and when and where
application will be made for deed. If the court determines that the
provisions of this Division 3 are complied with, the court shall direct the
general county officer authorized to collect state and county taxes to
execute and deliver to the applicant a deed conveying fee simple title to
the several tracts of real estate, free and clear of all incumbrances, and
liens, except the lien for unpaid general taxes and special assessments, or
installments thereof, the lien as to which shall continue unimpaired. Such
deed shall refer to the judgment of the court and this Division 3 as the
authority by which it is issued. Such deeds shall be recorded as other
deeds conveying real estate. After 30 days from the date of filing the deed
issued under the provisions of this Division 3 in the recorder's office for
recordation, no action shall be instituted to defeat or impair such
conveyance.

(Source: P.A. 84-452; 84-545.)

65 ILCS 5/9-3-49

(65 ILCS 5/9-3-49) (from Ch. 24, par. 9-3-49)

Sec. 9-3-49.

Any municipality levying assessments as provided in this
Division 3 may provide by ordinance for the levy, in addition to the taxes
now authorized by law, and in addition to the amount authorized to be
levied for general corporate purposes, a tax not exceeding .05% of all
taxable property in such municipality to be known as a public benefit tax
for the purpose of paying public benefits levied in accordance with the
provisions of this Division 3. The fund arising therefrom shall be known as
a public benefit fund, which fund shall be kept separate and apart from all
other funds and shall be used solely for the purpose of paying that portion
of the several amounts assessed against any such municipality for public
benefit. However, such municipality shall not extend a tax for the payment
of such public benefit in excess of the amount required annually to pay the
principal and interest of the installments of such public benefit as it
matures.

(Source: Laws 1961, p. 576.)

65 ILCS 5/9-3-50

(65 ILCS 5/9-3-50) (from Ch. 24, par. 9-3-50)

Sec. 9-3-50.

The funds of each assessment created under this Division 3
shall be kept by the treasurer of such municipality in a separate bank
account.

(Source: Laws 1961, p. 576.)